Long-term Liberal plan to shutter the Canadian oil and gas industry is now undeniably in full-swing:
https://calgaryherald.com/news/politics ... ttle-early$1:
There’s long been a view in Alberta that the Trudeau government is intentionally winding down Alberta’s oilsands, and ultimately the entire fossil fuel industry.
This belief has a basis in fact. Indeed, you could say it’s not a fake fact, but an honest-to-goodness fact fact.
It was Prime Minister Justin Trudeau himself who said in January 2017: “We can’t shut down the oilsands tomorrow. We need to phase them out. We need to manage the transition off of our dependence on fossil fuels.
“That is going to take time. And, in the meantime, we have to manage that transition.”
He said that to a friendly audience in Peterborough, Ont. A few days later he was in Calgary, where criticism had erupted.
Asked about his comments, he said, “um, I misspoke . . . I said something the way I shouldn’t have said it.”
But Trudeau didn’t say he’d been wrong. He just wished, it seemed, that he hadn’t made himself so obvious.
The key word in Trudeau’s Peterborough remarks was “manage.” As in, “we have to manage that transition.”
That’s what the Liberals have been doing since being elected in 2015.
They’re managing down Alberta’s industry by imposing new regulations, killing pipeline options, withdrawing tax incentives and passing energy-hostile bills such as C-48 and C-69.
Their goal isn’t to shutter Alberta’s main industry tomorrow. They see it as a multi-decade thing.
But managing an industry down is kind of like nudging a toboggan at the top of a steep hill.
Give it a little push and it might slide a short way. Or it might suddenly speed up, run loose and smash into a tree.
That is suddenly happening. A variety of factors encouraged by the Liberals have now run out of control, turning Alberta’s managed slide into an abrupt and uncontrolled plunge.
The Liberals may get the moribund industry they envision — about a generation early.
Expect the billions spent on Transmountain to be written off sometime next year if the court review fails or if a line-up of opponents succeeds in paralyzing the approval panels again. Canada will simply have to learn to live without the one-third to one-half of national revenue that the oil & gas industry provides.
